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What is Sovryn?

Sovryn prioritizes high security standards by conducting regular audits through various auditors and implementing a comprehensive bug bounty program. Moreover, the platform aims to enhance decentralization by introducing more secure oracles in the future. To mitigate the risks associated with undercollateralized loans, an insurance fund is established, which receives 10% of the interest earned. Staying true to one of the fundamental principles of decentralized finance, Sovryn focuses on interoperability and the development of open-source software. Users can effortlessly transact using bitcoin directly from their wallets, which ensures a smooth experience. All transactions occur on the bitcoin blockchain via the RSK bitcoin sidechain, providing an additional layer of security. As a decentralized margin trading platform, Sovryn eliminates the need for KYC or AML checks, allowing users to maintain their anonymity. This approach empowers users to lend and trade without the necessity of handing over their private keys to a centralized authority. By emphasizing user control, Sovryn guarantees that your keys, coins, and overall control are solely yours. Additionally, borrowers can utilize their bitcoin to create margin trading positions, effectively borrowing bitcoin from lenders to enhance their trading capabilities. This innovative structure cultivates a vibrant and user-driven trading atmosphere, fostering a sense of community among participants.

What is DIA?

DIA (Decentralised Information Asset) is an open-source oracle system designed to gather, distribute, and share trustworthy data among participants in the market. In the realm of decentralized finance (DeFi), having access to reliable and scalable data feeds is vital for the creation of robust products and for safeguarding against possible exploitation and manipulation. DIA employs crypto-economic incentives alongside community feedback to effectively gather, verify, and transmit credible financial information. Participants who assist in data sourcing and validation are rewarded with bounties paid in DIA tokens, encouraging active involvement. All data is collected from primary sources and sent to DIA's servers, where it is secured by hashing the database on-chain. Moreover, comprehensive scraper code and documentation are readily available on GitHub for public access. Users can retrieve this data via API endpoints or Oracles, which allows various entities like lending platforms, index providers, and prediction markets to utilize DIA’s open-source and validated data streams without any costs. This collaborative methodology not only improves data integrity but also promotes innovation and advancement within the DeFi landscape. Ultimately, DIA aims to create a more transparent and reliable financial ecosystem for all participants.

Media

Media

Integrations Supported

Bitcoin
Moonbeam
Moonriver
Rootstock
Zeroswap

Integrations Supported

Bitcoin
Moonbeam
Moonriver
Rootstock
Zeroswap

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Sovryn

Date Founded

2020

Company Website

www.sovryn.app/

Company Facts

Organization Name

DIA Association

Date Founded

2018

Company Location

Switzerland

Company Website

diadata.org

Categories and Features

Categories and Features

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